2014/04/09/Koch Brothers Received Millions In Obamacare Subsidies

• when: 2014/04/09 (2014/04/09)
• author: Igor Volsky
• source: ThinkProgress
• topics: Koch brothers Obamacare Koch Industries US/pol/Republican
• link: http://thinkprogress.org/health/2014/04/09/3424562/koch-brothers-received-millions-in-obamacare-subsidies/
• title: Koch Brothers Received Millions In Obamacare Subsidies
• summary: «Charles and David Koch may have spent millions of dollars opposing President Obama's Affordable Care Act, but that didn't stop them from benefiting from the law. The Associated Press reported on Tuesday that Koch Industries received $1.4 million in subsidies from a $5 billion program established by the Affordable Care Act to help employers and states maintain coverage for individuals 55 and older who are not yet eligible for Medicare.»

Excerpt

Ironically, in 2011, House Republicans issued a press release characterizing the early retiree grants as "a $5 billion bailout fund for state governments, Fortune 500 companies, and Hollywood unions." "Like many provisions and accounting gimmicks in the health care law, it has largely escaped public scrutiny because of the sheer volume of programs and spending crammed into the law without scrutiny or Congressional oversight," the Republicans on the Energy and Commerce Committee wrote a year after Koch and other prominent funders applied and received grants from the program.